Today’s Business Day Newspaper Headlines Monday 24th June 2019.

Today’s Business Day Newspaper Headlines

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Insurance stocks see biggest gain in 6 years as Linkage Assurance, NEM surge
Mon, 24 Jun 2019
Stocks of Nigerian insurance companies recorded their best weekly performance in more than 6 years on the Nigerian Stock Exchange (NSE) on the back of gains recorded by Linkage Assurance and Nem Insurance, even as market’s bearish sentiment extended to the third straight week. Despite the market shedding 0.65 percent of its value, the NSE []
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BUY OR SELL OLD AND NEW CARS, PARTS, CAR MATERIALS AS CAR MART NG LAUNCH IN NIGERIA

NNPC oil explorations: A wild goose chase
Mon, 24 Jun 2019
At a time when major oil producing countries are preparing for life beyond oil, Nigeria’s optimism in oil exploration at the Chad basin or Gongola basin has been seen as a poor investment decision and lack of understanding of the future of oil. After about 40 years, the Nigerian National Petroleum Corporation (NNPC) returned to []
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Lead Fixed Income Fund reports N44m PAT on expand subscriber base
Mon, 24 Jun 2019
Lead Fixed Income Fund, an open-ended fund managed by Lead Asset Management Limited, reported a 14.7 percent increase in its profit after tax (PAT) for the year ended December 31 2018, fuelled by the increase in new units of subscribers. Data compiled from the company’s financials revealed that it grew PAT by N5.64 million, from []
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Analysts say only sound economic reforms can accelerate bank lending
Mon, 24 Jun 2019
Banks could accelerate credit extended to the private sector if policymakers implement reforms that would drive economic growth. Analysts say it is practically difficult to dissuade lenders away from parking their money in high-yielding government securities. They add that yields will continue to be attractive so long as the central bank (CBN) continues its aggressive []
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Meet Nigerian entrepreneur revolutionising livestock industry
Mon, 24 Jun 2019
Every Nigerian alive today needs to pay attention to Ibrahim Maigari Ahmadu, an IT expert and co-founder/chief executive of Livestock247.com, the country’s first livestock online marketing and listing platform. A lawyer by training, Ahmadu has been in the livestock industry in the last seven years, revolutionising a sub-sector viewed primarily through cultural and ethnic lenses. []
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Jobs, jobs, jobs (5)
Mon, 24 Jun 2019
I was the keynote speaker at an economic dialogue on Nigeria organised by Konrad Adenauer Stiftung (KAS) and the Delegation of German Industry and Commerce in Nigeria (AHK) on 23 May 2019. Titled ‘Road to Economic Development: Challenges and Opportunities’, the dialogue was aimed at shaping the priorities of the incoming second administration of President []
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Where are ‘thoughtful doers’ in our nation
Mon, 24 Jun 2019
I was recently perusing an edition of the World Bank Global Forum compendium on Science, Technology and Innovation with focus on Capacity Building for Sustainable Growth and Poverty Reduction. The compendium reveals that capacity building relating to Science, Technology and Innovation is ‘about building the technical, vocational, engineering, entrepreneurial, managerial and scientific capacity to solve []
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Easing the pain of political transitions
Mon, 24 Jun 2019
One of the main tenets of democracy is that citizens get to choose their leaders every so often. In Nigeria, every four years. Historically, the period of transition from one government to another has been relatively seamless. The official photograph of the former leader is brought down, placed facedown on the floor and that of []
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Moving Nigeria from poverty to wealth: Why faster growth rates matter
Mon, 24 Jun 2019
Nigeria’s economy would probably expand 2.5 percent in 2019, according to consensus estimates. The Federal Government expects growth will be even stronger going by its 2.7 percent target. However, both estimates are hardly enough to cheer because it means the economy will grow at a rate too little to absorb a rapidly growing population this []
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Can Buhari walk the talk on poverty reduction
Mon, 24 Jun 2019
President Muhammadu Buhari’s much anticipated inaugural speech finally came during the June 12 Democracy Day celebration in Abuja. It left in its wake serious debates, particularly regarding his promise to lift 100 million Nigerians out of poverty in the next ten years. Reducing poverty is easier said than done. On current evidence, Buhari and his []
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C& I, Dangote Flour, Chams top advancers’ table as half year beckons
Mon, 24 Jun 2019
C & I Leasing, Dangote Flour and Chams continue to maintain their lead on the gainers’ table with five working days remaining in the first half of 2019. This is as the NSE All Share Index (ASI) of the Nigerian Stock Exchange (NSE) closed last Friday at 29,851.29 points representing a decline of 5.02 percent []
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